Silver Mountain Mines Inc. (SMM:TSX-V) - January 30th 2013

Silver Mountain Mines Inc. is an exploration stage mining company currently focused on its 100%-owned Ptarmigan property in the Purcell Mountains of southeastern British Columbia.

Management believes that the success of the drilling to date at Ptarmigan supports the ongoing commitment to identify tonnage and advance the company’s bulk extraction initiatives for its 2013 exploration program. With a current cash balance of about $2.5 million ($0.07 per share), Silver Mountain is well financed and is planning an active and aggressive drilling program in 2013.